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Oprah makes $70 Million in one day from Weight Watchers deal

AP-Oprah-Winfrey Weight-Watchers-International-Oprah

 

Weight Watchers (WTW) may help dieters lose weight — but the stock is fattening Oprah Winfrey’s fortune by $70 million in just a day.

Just the word that Winfrey took a 10% stake in the company — buying 6.4 million shares and being awarded options to buy 3.5 million more — caused the stock to more than double to $13.92 a share.

Winfrey was a massive winner from the one-day spike to the tune of $70 million. However, it’s just a drop in the bucket for Winfrey, who is worth an estimated $3.1 billion, according to Forbes.

Read the full story at USA TODAY, by Matt Krantz

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